For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes, it can be confusing and overwhelming to apply for an enterprise credit card. Here are some tips to know about how to get the credit card you need.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups build their credit history. Applicants don’t pay interest and don’t have to provide an individual guarantee. Instead, applicants are assessed by the company’s business model and spending habits.
Credit limits of up 100 percent are permitted for applicants. This limit is determined by the amount of money customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management solution. The card comes with a host of benefits, including a flat 1.5% cash back rate on all purchases. The card has no annual fees and does not have any other conditions other than a good credit rating.
A low-interest business credit card is a great option for those who are just starting out. A business credit card that offers additional security might be a good option.
One of the main advantages of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll be able to pay every month. This is particularly relevant if you’re trying to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It has many advantages, such as a huge initial bonus as well as purchase protection as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found and the spending cap could be too low for your company. It’s not the most efficient point-earning option.
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On the other hand, the Ink Business Preferred Card offers numerous other useful features, including liability coverage as well as primary coverage for car rental and a shopping insurance. As a small-scale business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another great method to earn points. When you spend in specific categories, you can earn three points per dollar you spend. For example when you spend $500 on purchases to your card in the first three months, you’ll receive a 100,000-point welcome bonus.
Divvy
The Divvy card is a great choice for startup business owners seeking an business card. This type of card comes with many advantages and features. You can also keep track of your business expenses using this card.
Divvy works with external accounting software and enables users to easily view the financial expenses. The software allows you to create a budget, limit spending and even request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. The cards analyze your company’s finances and decide how much you’ll have to spend every month. Contrary to traditional business credit cards, Divvy does NOT require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards are a way to secure the most favorable interest rates on business loans. They can also offer useful rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Some cards offer rewards for travel and shopping and some can be used to help increase your business’s credit.
There are numerous credit card issuers you can select from, including Chase. You should also consider how you will use the credit card. It is important to find the best business credit card that will meet your specific needs.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card provides solid rewards on different categories of purchases and even protects employees’ mobile phone bills.